Banking & Finance
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284Nigeria Bans Unregistered Digital Asset Exchanges, Online Forex Platforms
The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign...
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167Afreximbank Opens ₦195b Africa Trade Centre in Abuja
After 41 months of construction, African Export-Import Bank has commissioned the $120 million (N195 billion) Afreximbank Africa Trade Centre (AATC) Abuja yesterday...
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195Nigeria’s $6.83b 2024 Balance of Payment Surplus Signals Economic Revival –CBN
Nigeria recorded a $6.83 billion balance of payments (BoP) surplus in 2024, a strong indicator of renewed economic momentum, according to the...
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166CBN, Firms Drive FX Inflows to 22-Month High
Despite global trade uncertainties, inflows from local sources rose to a 22-month high, rising by 51 per cent month-on-month (m/m) to $3.11...
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149
International Payments Facilitated by CBN Hit $497m in February
The Central Bank of Nigeria (CBN) has reported a 17.2 per cent year-on-year (y/y) increase in international payments in February 2025, reaching...
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129Nigeria’s Debt Servicing Rises 68% to ₦13tr
Nigeria spent a total of N13.12tn on debt servicing in 2024, representing a 68 per cent increase from the N7.8tn recorded in...
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104Recapitalisation: Banks Have So Far Raised ₦2.4tn Through Capital Market –SEC DG
Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by...
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150FG Seeks Fresh $10.50m W’Bank Loan
Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s technical capacity and modernise...
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150World Bank Okays $1.08b for Education, Others in Nigeria
The World Bank has approved three funding operations for Nigeria, totaling $1.08 billion in concessional financing. These initiatives aim to improve quality...
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100
CBN Refutes New ₦5,000, ₦10,000 Banknotes Report
The Central Bank of Nigeria declared as fake a report that it had introduced new N5,000 and N10,000 banknotes. In a post...
